Sportzone Motorcycles Limited and Motor Trade Finance Limited
Motor vehicle finance lender and motorbike seller charged credit fees that the Commission alleged were unreasonable. The Court ruled that the fees were unreasonable, and provided guidance on how credit fees may be calculated. The lender and seller unsuccessfully appealed against those decisions.
Case Details
Parties
Sportzone Motorcycles Limited and Motor Trade Finance Limited
Category
Consumer credit
Sub-category
Act/Section
Credit Contracts and Consumer Finance Act 2003 17, 41, Fair Trading Act 1986 9
Industry
Financial and insurance services
Status
Closed
Outcome
Judgment
Case Number
Date opened
30 March 2015
Date closed
30 March 2015
Contact person